NCDEX forwards segment clocks 1,044 tn trade volume for July

National Commodity and Derivatives Exchange (NCDEX) today said its forwards segment registered traded volume of 1,044 tonnes of agricultural commodities in July.
Additionally, the commodity exchange witnessed trading of 12 kg of gold in the recently launched Gold Now forwards segment, NCDEX said in a release issued here.
The forwards segment, which was launched in September last year, has seen an encouraging response and has registered an overall volume of 19,102 tonnes of agricultural commodities valued at Rs 87.39 crore, with 18,872 tonnes of goods delivered.
The Gold Now forwards platform has seen 15 kg of gold traded and delivered since its launch.

"Exchange Traded Forwards are a path breaking innovation that will help in integration of the physical markets and bring about real inclusiveness in the real economy in commodities. Our mission is to bring national markets to farmers, mandi traders and buyers through the forwards platform," NCDEX MD and CEO Samir Shah said.
The futures segment of NCDEX also has been witnessing steady growth.

The average daily trade value (ADTV) registered for July was Rs 4,080 crore.
Open interest stood at Rs 7,729.17 crore.
The agriculture futures segment registered monthly total volume of Rs 91,245.03 crore.
The top three commodities were chana, guar seed and refined soya oil with total traded volume of Rs 20,510.94 crore, Rs 12,853.52 crore and Rs 10,865.6 crore, respectively.

The total traded volume for guar seed was Rs 12,853.52 crore with 11.32 per cent rise month-on-month.
The exchange has facilitated smooth delivery of 1,49,574 tonne goods and 12 kg of gold for the July expiry contracts.